Future of 79th Street/Biscayne Blvd (Miami, Hialeah: 2014, condo, home)

[FlyMIA]

Originally Posted by Wild Style

I think the big areas that will see change is the entire Biscayne corridor from 79th and Biscayne south all the way to downtown. I also foresee east Little Havana (probably a ways off though) and also overtown, the area adjacent to downtown that is. Miami is in for a big transformation over the next few years.

East Little Havana right by Downtown is certainly a potential hot spot. Too close to downtown/Brickell not to be. I also like some parts of Overtown, the western parts by the River can become nice. There are some nice old Miami homes around there which would be great buys. I have a feeling their prices are already up if they were even for sale.

As for Biscayne I moved to the Biscayne blvd area in 1999. The changes since then have been remarkable from 78th street and below. Especially from 54th street and south. There are development restrictions though between 36th street and 79th. But there is plenty of room for improvement. Especially making it more dense and pedestrian friendly.

[Wise TibetanMonkey]

Originally Posted by tallrick

The future? A bunch of empty lots after the existing buildings are demolished and many bubble projects get going, only to fail when the US economy crashes again.

That sounds like the best case scenario. Another scenario is that a category 5 hurricane sweeps the area and strikes the fancy beachfront property with catastrophic losses. Mother Nature is chipping in already, showing that the rising tides affect big and small boats. This is due to Climate Change and capitalism.

[Wise TibetanMonkey]

Originally Posted by Wild Style

I think the big areas that will see change is the entire Biscayne corridor from 79th and Biscayne south all the way to downtown. I also foresee east Little Havana (probably a ways off though) and also overtown, the area adjacent to downtown that is. Miami is in for a big transformation over the next few years.

There's not enough rich people to fill all that area, unless you count in the elites south of the border.

[tallrick]

Originally Posted by Wise TibetanMonkey

That sounds like the best case scenario. Another scenario is that a category 5 hurricane sweeps the area and strikes the fancy beachfront property with catastrophic losses. Mother Nature is chipping in already, showing that the rising tides affect big and small boats. This is due to Climate Change and capitalism.

Capitalism is not the problem, easy money for the elites is. Climate change is a given throughout the history of the earth so you know Miami will eventually be swept by a major hurricane. It has been since 1926 since Miami has had the privilege of enjoying a good blow. Andrew came close. but swerved at the last moment. However, I believe that the next financial panic will come before the great hurricane of the 21st century.

[Chelito23]

I see this área going under a huge transformation but I don't see Little Haití going the way of Wynwood...although I suppose everything east of 95 has that potential. I doubt there will ever be spillage west of 95....just too far to justify the high prices, in bland áreas even if transformed....

[Wise TibetanMonkey]

Originally Posted by tallrick

Capitalism is not the problem, easy money for the elites is. Climate change is a given throughout the history of the earth so you know Miami will eventually be swept by a major hurricane. It has been since 1926 since Miami has had the privilege of enjoying a good blow. Andrew came close. but swerved at the last moment. However, I believe that the next financial panic will come before the great hurricane of the 21st century.

Yeah, but Miami Beach was nothing in 1926 and even 1992. Now they are squeezing high rises into every possible empty lot making it a Manhattan by the Beach.

Climate change has been around for ages but now we are feeding it and building in threatened areas like if Donald Trump could trump nature.

[straight shooter]

Originally Posted by tallrick

Capitalism is not the problem, easy money for the elites is. Climate change is a given throughout the history of the earth so you know Miami will eventually be swept by a major hurricane. It has been since 1926 since Miami has had the privilege of enjoying a good blow. Andrew came close. but swerved at the last moment. However, I believe that the next financial panic will come before the great hurricane of the 21st century.

Financial collapses and hurricanes are threats that worry me but we have had them in the past and have recovered. What worries me is if there is no plan on recovering and rebuilding from anyone of them.

[midnightfapper]

Originally Posted by tallrick

The future? A bunch of empty lots after the existing buildings are demolished and many bubble projects get going, only to fail when the US economy crashes again.

nah, it's not going to play out like that. this is another developer-lead gentrification project just like wynwood.

first, they need to clean up the existing properties and lure new people into the nabe. that kind of tranformation will take time, say 7-10 years.

it'll be a while before there are any crazy developments along 79th, there isn't demand (yet).

i see the bubble ****up projects happening on biscayne.

some ****bird will fall for the hype, stupid miami tall tales like "we sold 99% of the building in 24 hours to cash "buyers" from latin america!!11ONE!!".

all they'll have to show for it down the road is a corporate bankruptcy and a well-faded "coming soon" site sign with their splended vision.

[midnightfapper]

Originally Posted by Wise TibetanMonkey

There's not enough rich people to fill all that area, unless you count in the elites south of the border.

it doesn't have to be over-the-top luxury, brickell style development, etc. that's out of reach for joe sixpack. simply rehabbing the existing buildings with a fresh coat of paint and new interiors would work wonders.

i don't think anyone's really going too high-end for the upper east side. decently priced housing options would do well, you could probably lure a lot of people from broward down. the area has a lot of charm.

[tallrick]

I am still laughing at the term "upper east side".